“It’s hard to bet against them. Yeah, everyone owns the stock that can own the stock right now — or that’s the argument against it. But if [Apple] starts putting that cash towards a dividend, it will open up to new investors,” Sutherland said in a separate interview on Monday.

Positive first-quarter sales of the iPhone and iPad, and what that means for Apple’s future product launches, has Sutherland raising future estimates.

“But valuation is still not that expensive, and I think longer-term it can still move higher from here,” he said.

There are other reasons Sutherland thinks the tech giant’s mid-teens price-to-earnings multiple of 14.2 is not too expensive, but “fair.”

“They’re still low market share in many of their markets, and that sets the table for lots of growth for the company. If you look at the iPhone alone, its just 5 percent to 6 percent of the overall market,” said Sutherland.

Both Sutherland and Belski are also expecting Apple’s iTV to be another growth driver — even beyond the tech sector.

“Its becoming more of a consumer staples-type stock. If we want something, we're gonna go out and buy an Apple product,” said Belski.